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20130122
20130122
Search Results 0 to 11 of about 12 (some duplicates have been removed)
on whether to raise the debt ceiling. this bill comes amid a change and strategy for house republicans who decided not to use the debt ceiling as a bargaining chip in the fight to cut spending the the vote including a provision requiring congress to approve budgets and withholding pay for lawmakers until that happens. urn the legislation, they suspend the debt ceiling through may 18th, and congress raises the by whatever debt was incurred at the time. i don't know how you do that. just expand the ceiling. just not going to pay the credit cards. we don't care. meanwhile, as the dead line approaches, there's a chance the tax refund could be at risk. joining me is the managing direct for wealth health financial planning. rich, great to have you on the show. here's the deal. so congress has enough money to go through february 15th, mid february, about the time everybody starts trying to get the tax refunds. they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. po
on the debt ceiling issue. is that a fair characterization? if so, was it a change of heart or a change of tactics? >> i didn't hear rand's comment as far as that is concerned. i think what the gop house conference is concerned about is how do we get forward during the next couple of months with an administration who just yesterday said he has a bold agenda going forward for the future. in order to have an agenda whether you're president of the united states or the ceo or cfo, you have to have a budget. we're saying the same thing the american public is saying to the senate, give us your budget if you want us to then go forward and continuously raise the debt limit. >> so you feel that this vote tomorrow will pass the house what do you expect the senate will do? they haven't been able to pass a budget in four years. >> there's a story that came out, i don't know how true this is, that senator schumer said democr democratic senators have been secretly planning on doing a budget for a long time. that's good and also coincidental that they were secretly doing a budget an we never knew anyt
into another round of negotiations, maybe we won't, on the debt ceiling. maybe we go over one of them. you have to take that into account. how does that change your odds taking capability as you look at the markets? >> you do have to take it into account. no question. maybe we will get beyond some of this and the first half of this year. at least enough to allow us to look beyond it. i think between now and then, no question we will be dealing with these deadlines coming up in the next few months. connell: do you still buy stocks? our stocks at the place be? it will be very interesting to see what happens with interest rates. you talked about that accommodative federal reserve that is there. there will be this push / pull on that side of it. >> i do think market rates will be drifting higher. the ten year note yield will be around 2.25. i think that will pull people off to the sidelines into the housing market. they will not rise so much that we will derail or anything. a little bit of something to watch, but not a real problem. connell: it has been a good run. david, thank you. david joyce. >>
cliff and the discussions over the debt ceiling. i think we saw in the president's speech yesterday an unwillingness to do anything significant to change the trajectory of u.s. debt the president just doesn't seem that interested in the issue. bill: you wrote this morning, "the weekly standard", obama doesn't care. that is the sentence, i'm reading right there. you look at the debt, the way even the white house projection for 2016 is extraordinary. will be at 21 trillion up from the 16 trillion now. effectively in eight years you double the debt and then some. >> right. bill: here is the question. what is the wager this president is betting on going forward? does he believe that in 2014, if you stall this thing out for two years and give yourself a chance to take pack the house, in 2014 is that the wager now, give you two years to do what you want, between 2014 and 2016? >> it may well be but the fact remace -- remains, the quote, unquote rich and confiscate the wealth and it will not do anything to solve the lon term problems of u.s. debt. it could take a short term chunk out and t
,000 to 800,000. that's a lot of people. that's a lot of power to put behind tim. he used it on the debt ceiling i expect to see him use it going forward. >> cenk: it is about the start and they are right about executive orders especially on climate change. that's exactly what we're going to talk about in the next segment. we'll talk about the new president obama taking executive action. we'll discuss that when we return. >> obama: some may still deny the overwhelming science but no one can avoid the raging fires, crippling drought and more powerful storms. they don't know it yet but they're gonna fall in love get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married they'll find some retirement people who are paid on salary not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td
at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being borrowed and will have to be repaid by future generations of americans, kids and grandkids? our country is facing enormous fiscal challenges that if left unchecked will have a disastrous impact on the future of our nation. the simple truth is that government is spending more than it's taking in, and this pattern must not, cannot in fact continue. during the last two years alone the government has spent more than $7.3 trillion and increased the nation's debt by more than $3.2 trillion. we didn't get into this situ
by the g.o.p.. let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i have heard that speech to the point that it makes me think you d't realize while you're in the majority, conservative republicans -- >> thank you. lou: that you don't realize fully that you're in a majority of a house that is only one-third of government. >> oh, listen, i get it, but nothing that raises revenue, nothing that provides money to any part of our government gets there unless the majority in the house pass it. lou: right. >> lou, that's leverage to bring spending under control. we've just finished two years where every fight we came up to, we were told, you know what? this is probably n
, the most immediate problem, tomorrow the house is voting on this extended debt ceiling and this is to avoid a confrontation in the short-term, but the large ers issues remain. >> that was quite a performance saying don't go there. i got this one, and they backed away. that has been lost in the excitement over the last couple of days. it just gets kicked down the road, and can you tell from his speech yesterday that he has -- the democratic coalition is in no mood to give an inch on spending, and it remains the big problem whether you really, democrat or republican, on the budget because it was unaddressed in the last round. you can tell the republicans want to get at it. if that was a sign of compromise yesterday, it was the shortest one sentence sign that i have ever seen. so a fight is come. >> a fight is coming, and we all know that you can not do it without dealing with the main entitlements. there is no way -- >> well, that's exactly right. >> there is no way at this stage without -- >> dealing with that. in that speech he made it very clear where he said -- >> he is not going anywhere
to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if you get into an accid
of representatives faces a vote to increase america's debt ceiling. pending legislation raises the debt ceiling by roughly $300 billion to $400 billion. what protection does america get in return? are there any spending cuts? no. are there policies that spur economic growth in resulting revenue increases? no. does this proposal help fix in any way the trillion dollar deficits that threaten america with financial ruin? no. mr. speaker, i can only speak for me. i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem of deficits and accumulated debt that force debt ceiling votes and risk america's future. i will not vote to raise the debt ceiling unless first congress passes a substantive balanced budget constitutional amendment that solves the debt problem for future generations or, second, we implement sizable spanneding cuts that help get our financial affairs in order. i take this stance full well knowing the adverse economic effects of a failure to raise the debt ceiling, but also knowing, mr. speaker, that those affects pale in comparison t
of as irresponsible to not raise the debt ceiling. in my view, it is irresponsible to raise the debt ceiling in the absence of changing the way that we do business here, starting with the approval of the budget. thought to be compassionate to spend money. how can it be compassionate to spend money that is not yours? and for our country to have growth and economic opportunity, there is no question but what the debt and deficit is a drag on that opportunity. we have a responsibility as american citizens to right this wrong. >> i serve on the senate budget committee, and i can tell you, the most disappointing part of having served your the last two years is relatively new member, we have not done a budget for this country in the senate. it is incredibly disappointing. the senate democrats have not been willing to do the budget will we are over $16 trillion in debt. no the talk about the fact that the ipad has come into existence during the nearly four years that we have not had a budget. i happen to have a five year-old son. and so nearly most of his lifetime we have not had a budget for this c
Search Results 0 to 11 of about 12 (some duplicates have been removed)